UP UP AND AWAY

The oil Prices stopped their sliding and suddenly rose up by 2% to $83.45. the oil prices were not stable and was neither decreasing nor increasing due to the poor performance of dollar . but,suddenly due to the faster acceleration of manufacturing and strong new orders in U.S and CHINA have helped in the momentum of oil prices , the positive news has induced confidence and a surge in demand is expected very soon . this may be the start of yet another bull run for oil. Remember, the last bull run was so fierce that it was followed by a historically huge fall in prices.Hope this run of oil is slow and steady.

 

source:BBC

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